Teachers Retirement System of The State of Kentucky Acquires 9,465 Shares of Floor & Decor Holdings, Inc. $FND

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 9.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,746 shares of the company’s stock after purchasing an additional 9,465 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Floor & Decor were worth $5,372,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FND. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after buying an additional 247 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the fourth quarter worth approximately $34,000. Clearstead Advisors LLC increased its stake in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 384 shares during the period. Finally, State of Wyoming bought a new position in Floor & Decor during the 2nd quarter worth $46,000.

Insider Activity at Floor & Decor

In other news, CEO Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $251,250.00. Following the transaction, the chief executive officer directly owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. The trade was a 6.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares of the company’s stock, valued at approximately $3,460,517.28. The trade was a 17.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by company insiders.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $56.13 on Wednesday. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 4.73 and a beta of 1.58. The firm has a 50 day simple moving average of $51.83 and a 200 day simple moving average of $58.04.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

FND has been the subject of several analyst reports. Weiss Ratings cut Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. TD Cowen reduced their target price on Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Telsey Advisory Group decreased their price target on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Zelman & Associates dropped their price target on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Finally, Bank of America cut shares of Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.67.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.